Just three months ago, Azerbaijan was playing host to the inaugural European Games. These days, it seems as though Azerbaijani President Ilham Aliyev’s administration is prepared to make a break with the European Union.
It was not too long ago that Gazprom, the state-controlled energy conglomerate, was one of the Kremlin’s most potent geopolitical weapons. But those days now seem like a distant memory: Gazprom is a financial shadow of its former self.
China, the world’s largest economy, has set its eyes on Georgia, a traditional gateway between Asia and Europe, and its investment power could transform the poverty-stricken South Caucasus country’s prospects, some observers believe.
The Iranian nuclear deal has broad trade implications for Eurasia. The pending lifting of sanctions would allow Iran to take advantage of its favorable geographic position, as it straddles the commercial crossroads connecting Europe, Central Asia, the Caucasus and the Middle East.
The Electric Yerevan protest in the Armenian capital did not manage to attain the critical mass needed to transform into a Euromaidan-type event, leading to an overhaul of the country’s political system. But local analysts believe that Electric Yerevan will nevertheless prompt changes in government policy.